Refuse truck maker dumps truck equipment unit

CHATTANOOGA, Tenn. — Heil Environmental has sold its truck equipment business, consisting of the Heil Truck Equipment Group and Heil South distributorship, to Truck Bodies and Equipment International, Inc. a portfolio company of Kirtland Capital Partners.

The sale enables Heil to concentrate all of its resources on continuing to build its core refuse business. Based in Chattanooga, Tenn., Heil manufactures a full line of refuse collection and recycling vehicles at its flagship manufacturing facility in Fort Payne, Ala.

The Heil Truck Equipment Group manufactures and mounts a complete line of dump bodies, snow-ice bodies and hoists. Products include the Yardbird, Sidewinder and HPT dump bodies featuring Heil’s patented DuraClass design.

The sale includes Heil’s 204,000-square-foot manufacturing facility in Tishomingo, Mo., the Heil South sales and service facility outside of Atlanta, and the use of certain intellectual property.

Kirtland formed TBEI in 2005 by combining three major truck equipment companies: Crysteel Manufacturing, Ox Bodies, Rugby Manufacturing, adding Hardee Equipment Co. in 2006. TBEI’s corporate headquarters is in Eden Prairie, Minn.

The changeover will be virtually invisible to customers, both companies say.

TBEI has indicated that it will keep the manufacturing facility in Tishomingo open with its 140-person workforce intact. Under the sales agreement, all existing orders will be filled, current vehicles will be supported and warranties now in effect will be honored.

The truck equipment distributor network and sales force is expected to remain unchanged as well.


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